riverbed technology inc (RVBD) Details

Riverbed Technology, Inc. provides application performance infrastructure solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers the Riverbed Application Performance Platform, a set of solutions that ensure applications perform as expected, data is always available when needed, and performance issues are diagnosed and cured before end users even notice. Its platform enables enterprises visibility to deliver, control, and optimize IT resources across the hybrid enterprise. The company's products include application acceleration products comprising wide area network optimization products consisting of Riverbed SteelHead and Riverbed SteelFusion; Riverbed SteelApp virtual application delivery controllers; and SteelStore cloud storage delivery products. Its products also comprise performance management products, such as Riverbed SteelCentral, a performance management suite that combines its application-aware network performance management and application performance management control suite. The company sells its products to manufacturing, finance, technology, government, architecture, engineering and construction, professional services, utilities, healthcare and pharmaceuticals, media, and retail industries through value-added resellers and distributors, service providers, systems integrators, and field sales force. Riverbed Technology, Inc. was founded in 2002 and is headquartered in San Francisco, California.

riverbed technology inc (RVBD) Key Developments

Riverbed Technology, Inc. and Project Homestake Merger Corp. announced that the Issuer has priced an offering of $525,000,000 in aggregate principal amount of 8.875% senior notes due 2023. The Notes were priced at 100% of par. The sale of the Notes is expected to be completed on March 9, 2015, subject to customary closing conditions. The net proceeds from the offering of the Notes, together with other financing sources, will be used to fund the acquisition Riverbed by affiliates of Thoma Bravo and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan (“OTPP”), and to pay certain related fees, commissions and expenses. Riverbed will assume all of the obligations of the Issuer under the Notes upon the consummation of the Acquisition. If the sale of the Notes is not completed concurrently with the closing of the Acquisition, then the proceeds from the sale of the Notes will be placed into escrow until the closing of the Acquisition. The Notes will be offered to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act or any state or other jurisdiction’s securities laws. Accordingly, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction’s securities laws.

Riverbed Technology, Inc. and Project Homestake Merger Corp. announced that the Issuer intends to privately offer, subject to market and other conditions, $575 million in aggregate principal amount of its senior notes due 2023. The net proceeds from the offering of the Notes, together with other financing sources, will be used to fund the acquisition of Riverbed by affiliates of Thoma Bravo and Teachers' Private Capital, the private investor department of Ontario Teachers' Pension Plan and to pay certain related fees, commissions and expenses. Riverbed will assume all of the obligations of the Issuer under the Notes upon the consummation of the Acquisition. The offering and the actual terms of the Notes, including the interest rate, will depend on market and other conditions. The Notes will be offered to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act.

Riverbed Technology Promotes Taj Elkhayat to the Position of Regional Vice President for Middle East, Turkey, North, West, and Central Africa

Feb 20 15

Riverbed Technology has promoted Taj ElKhayat to the position of regional vice president for Middle East, Turkey, North, West, and Central Africa (METNA). In his new role, ElKhayat will be tasked with strengthening the company's position as a key technology provider for the hybrid enterprise, expanding its penetration into new industry verticals and growing its regional footprint in emerging markets. Elkhayat joined Riverbed as general manager for the Mena region in January 2013 and was promoted to managing director for METNA in January 2014.

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